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             Vermont Department of Taxes 

                Form CO-411                                                                                                      *234111100*

  Vermont Corporate Income Tax Return                                                                                            *234111100*
                                                                                                                                                                                                Page 17

                Name                      Accounting          Extended                                         Unitary                                  PL 86-272 is
 Check          Change                    Period Change       Return                                                                                    Applicable
 Appropriate 
 Box(es)        Address                   Amended             Federal Extension                                RAR                                      Pro Forma -      Final Return
                Change                    Return              Requested                                        Amended                                  Cannabis         (Cancels Account)
                Entity Name (Principal Vermont Corporation)                                                            FEIN                                         Primary 6-digit NAICS number

                                  Address                                                                      Tax year BEGIN date (YYYYMMDD)                       Tax year END date (YYYYMMDD)

                                  Address (Line 2)                                                        Number of companies in                                  Number of companies 
                                                                                                          Vermont Unitary Group                                   with Vermont Nexus
                City                               State      ZIP Code
                                                                                                          Federal tax            1120                               1120-F            990-T
                                  Foreign Country                                                         return filed 
                                                                                                          (Check one box)
                                                                                                                                 1120-H                             Other
                                                                                                                                                                                                FORM  (Place at FIRST page)
                                                                                                                                                        Enter all amounts in whole dollars.     Form pages 
  1. FEDERAL TAXABLE INCOME (federal Form 1120, Line 28, as filed)  . . . . . . . . . . . . . . . . . . . . . .  . 1.  ____________________________ .00
    1a.  Special Deductions as filed with IRS  
         (federal Form 1120, Line 29b)  . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .1a.  __________________________ .00
    1b.  Income/Loss from unitary members included in  
         Vermont combined group  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .         1b.  __________________________ .00                                                    17 - 19
    1c.  Income/Loss from affiliated entities filed in the above federal  
         consolidated returns but excluded from Vermont combined group  .                                1c.  __________________________ .00
    1d.  Special Deductions:  Vermont adjustments to federal  
         special deductions  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d.  __________________________ .00

    1e.  Eliminations:  Vermont adjustments to federal eliminations  . . . . .  .                        1e.  __________________________ .00
    1f.  Other:  Other Vermont adjustments to Combined Net Income  
         (charitable expenses, etc .)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 1f.  __________________________ .00

 1g. Federal Taxable Income as Adjusted for Combined Net Income (ADD Lines 1 through 1f)   . . . . .  . 1g.  ____________________________ .00

  2. Bonus Depreciation Adjustment (see instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 2.  ____________________________ .00
  3. Federal Taxable Income as Adjusted for Combined Net Income and Bonus Depreciation 
     (ADD Lines 1g and 2)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 3.  ____________________________ .00

  4. ADD 4a. Interest on non-Vermont state and local obligations  . . . . . . .  .4a.  __________________________ .00

         4b. State and local income or franchise taxes  . . . . . . . . . . . . . . .                    4b.  __________________________ .00

 Check box if exception                   SMALL FARM CORPORATION                                          NO VERMONT ACTIVITY                           HOMEOWNER’S / CONDO ASSOC.
                                          ($75 minimum)                                                   ($0)                                          (Federal Form 1120-H only) ($0)
 to minimum tax applies:

                                                                                                                                                                    Form CO-411
                                                                                                                                                                    Page 1 of 3
5454                                                                                                                                                                Rev. 03/24

                             Entity Name

             FEIN                       Fiscal Year Ending (YYYYMMDD)                                                                         *234111200*
                                                                                                                                              *234111200*
                                                                                                                                                                                   Page 18

    LESS 4c.  Non-Apportionable Income or loss allocated everywhere 
              (Schedule BA-402, Line 1a, or leave blank)  . . . . . . . . . . . . .  .         4c.  __________________________ .00

         4d.  Foreign dividends received .   . . . . . . . . . . . . . . . . . . . . . . . . . 4d.  __________________________ .00

         4e.  Interest on U .S . Government obligations  . . . . . . . . . . . . . . . .  .    4e.  __________________________ .00
         4f. “Gross Up” required by IRC § 78 and other  
           excludable income  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 4f.  __________________________ .00

         4g. Targeted Job Credit salary and wage expense addback  . . . . .  .4g.  __________________________ .00
  5. NET APPORTIONABLE INCOME  
     (ADD Lines 3, 4a, and 4b,  Then SUBTRACT Lines 4c through 4g.)  . . . . . . . . . . . . . . . . . . . . . .  . 5.  ____________________________ .00
  6. Vermont Percentage (Schedule BA-402, Line 14, or 100 .000000%) 
     Enter percentage with six places to the right of the decimal point  . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 6.  ____________ . ________________%

  7.  Income Apportioned to Vermont (MULTIPLY Line 5 by Line 6)   . . . . . . . . . . . . . . . . . . . . . . . . . .  . 7.  ____________________________ .00

  8.  Non-Apportionable Income to Vermont (Schedule BA-402, Line 1B)  . . . . . . . . . . . . . . . . . . . . . . . .  . 8.  ____________________________ .00

  9.  Foreign Dividends Allocated to Vermont (Schedule BA-402, Line 2B)  . . . . . . . . . . . . . . . . . . . . . . .  . 9.  ____________________________ .00

 10.  Net Vermont Income Allocated and Apportioned to Vermont (ADD Lines 7 through 9)  . . . . . . . .  . 10.  ____________________________ .00

 11.  Vermont Net Operating Loss deduction applied (Attach schedule)  . . . . . . . . . . . . . . . . . . . . . . . . . .  . 11.  ____________________________ .00

 12.  Vermont Net taxable income for this entity (Line 10 MINUS Line 11)  . . . . . . . . . . . . . . . . . . . . . .  . 12.  ____________________________ .00
 13.  Vermont Tax . Calculate Vermont tax due on Line 12 amount using the  
     Tax Computation Schedule below  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 13.  ____________________________ .00

 14.  Credits (Schedule BA-404, Column C, Line 11)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 14.  ____________________________ .00

 15.  Use Tax for taxable items on which no sales tax was charged, including online purchases  . . . . . . .  . 15.  ____________________________ .00

 16.  Tax Due for this entity (Line 13 MINUS Line 14, then ADD Line 15)  . . . . . . . . . . . . . . . . . . . . . .  . 16.  ____________________________ .00

 17. Gross Receipts (For purpose of minimum tax calculation . See instructions)  . . . . . . . . . . . . . . . . . . .  . 17.  ____________________________ .00

             TAX COMPUTATION SCHEDULE
         (Effective for taxable periods beginning January 1, 2023)
                                                                                                              File the return on the due date required under the 
IF VERMONT NET INCOME (Line 12) IS                                TAX IS                                      Internal Revenue Code, unless extended.
 $10,000 or less  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .6 .00%
 $10,001 to $25,000  . . . . . . . . . . . . $600 plus 7 .00% of excess over $10,000
 $25,001 and over   . . . . . . . . . . .  .$1,650 plus 8 .50% of excess over $25,000                         Pay by the due date required under the Internal 
                                                                                                              Revenue Code, even if the return is extended.  

IF VERMONT GROSS RECEIPTS ARE                    MINIMUM TAX IS                                               Corporations with liabilities over $500, see  
 $500,000 or less  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .$100 instructions for estimated payments on Vermont 
 $500,001 to 1,000,000   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  .$500
 $1,000,001 to $5,000,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000         Form CO-414.
 $5,000,001 to $300,000,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000
 $300,000,001 and over  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000

                                                                                                                                              Form CO-411
                                                                                                                                              Page 2 of 3
5454                                                                                                                                          Rev. 03/24

                                  Entity Name

                   FEIN                      Fiscal Year Ending (YYYYMMDD)                                                                         *234111300*
                                                                                                                                                   *234111300*
                                                                                                                                                                                         Page 19
Amount from Line 16 _____________________________

 18.  Payments
         18a. Estimated Payments (Form CO-411)  . . . . . . . . . . . . . . . . . . . . . .  .18a.  __________________________ .00

       18b.   Payment with Extension (Form BA-403)   . . . . . . . . . . . . . . . . . . 18b.  __________________________ .00
         18c. Nonresident estimated payments distributed to this entity by   
          a different company through a Schedule K-1VT  . . . . . . . . . . . . .  .18c.  __________________________ .00

       18d.   Real Estate Withholding Payments (Form RW-171)  . . . . . . . . . .        18d.  __________________________ .00

         18e. Prior Year Overpayment Applied   . . . . . . . . . . . . . . . . . . . . . . . .  .18e.  __________________________ .00

  18f. Total Payments (ADD Lines 18a through 18e)   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18f.  ____________________________ .00
 19. Balance Due.  If Line 16 is more than Line 18f, subtract Line 18f from Line 16 . 
       Make check payable to Vermont Department of Taxes   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 19.  ____________________________ .00
                                                                                                                                                                                         FORM  (Place at LAST page)
 20.   Payment submitted with this return   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 20.  ____________________________ .00 Form pages 

 21.   Overpayment . If Line 18f is more than Line 16, subtract Line 16 from Line 18f  . . . . . . . . . . . . . . .  . 21.  ____________________________ .00

 22.   Overpayment to be applied to next tax year  . . . . . . . . . . . . . . . . . . . . . .  .22.  __________________________ .00
                                                                                                                                                                                         17 - 19
 23.   Overpayment to be refunded (Line 21 MINUS Line 22)   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  . 23.  ____________________________ .00

I hereby certify that I am an officer or authorized agent responsible for the taxpayer’s compliance with the requirements of Vermont Statutes Annotated, 
Title  32, and that this return is true, correct, and complete to the best of my knowledge. If prepared by a person other than the taxpayer, this declaration further 
provides that under 32 V.S.A. § 5901, this information has not been and will not be used for any other purpose, or made available to any other person, other than 
for the preparation of this return unless a separate valid consent form is signed by the taxpayer and retained by the preparer.

 Signature of Responsible Officer                                                                Date (MM/DD/YYYY)                                      Daytime Telephone Number

 Printed Name                                   Email Address

              Check if the Vermont Department of Taxes may discuss this return with the preparer shown.

 Signature of Paid Preparer                                                                      Date (MM/DD/YYYY)                                      Preparer’s Telephone Number

 Preparer’s Printed Name                        Email Address (optional) 

 Firm’s Name (or yours if self-employed)                                                         EIN                                                    Preparer’s SSN or PTIN

 Firm’s Address (or yours if self-employed) (Street, City, State, ZIP Code)
                                                                                                                                                        Check if self-employed

              Send return                Vermont Department of Taxes
              and check to:              133 State Street
                                         Montpelier, VT  05633-1401
                                                                                                       For Department Use Only
                                                                                                                                                        Form CO-411
                                                                                                   Ck. Amt.                                        Init.
                                                                                                                                                        Page 3 of 3
5454                                                                                                                                                    Rev. 03/24

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